Revolution Bars secured court approval for a restructuring plan to prevent collapse, addressing severe financial issues, retaining key sites, and securing creditor support. CEO Rob Pitcher expressed optimism about the future.
Harland & Wolff shareholders fear a "pre-pack" administration, risking their investments. A shareholder group seeks influence and support from Clive Palmer amid the company's strategic review by Rothschild bank.
Cineworld will close six UK cinemas, including Glasgow Parkhead and Bedford, amid financial struggles. Previous closures include Newport, Runcorn, and Bristol locations.
When companies are struggling to pay their debts and cashflow is tight, they often have a range of concerns and questions. I have helped hundreds of directors; these are the most common questions I get asked.
On 20th October 2024, Molly will be participating in the Yorkshire Marathon in memory of her late father, Tim Noad, who tragically passed away in a road traffic collision five years ago. This year would have marked his 70th birthday, making this endeavour even more poignant.
The once-thriving financial advice network, Tenet Group, has fallen into administration, resulting in the loss of 95 jobs.
Liquidating a company is a complex process involving the winding up of its affairs, selling off assets, and settling debts. Directors and stakeholders need to understand the steps and considerations involved to navigate this challenging process effectively.
When contemplating the closure of a company, many directors wonder about the feasibility of striking off a company with an outstanding Bounce Back Loan (BBL). Understanding the legal and financial implications is essential for making an informed decision.
When a company is liquidated, directors' loans are scrutinised, and their treatment depends on whether the director owes money to the company or vice versa. Directors should manage these loans carefully to mitigate financial risks.